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The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $194,000. Additional information
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $194,000. Additional information follows. If Processed Further Units Product Produced KA 81,000 KB 56,700 KC 24,300 Sales Value at Split-Off $ 260,000 227,500 162,500 Sales Values Additional Costs $350,000 $55,000 260,000 45,000 240,000 28,000 Required: a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $55,000 if processed further)? b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $45,000 if processed further)? Complete this question by entering your answers in the tabs below. Required A Required B Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $55,000 if processed further)? (Do not round intermediate calculations.) Total cost of product KA
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